>>> Europe : Brokers Upgrades & Downgrades - 18th of March 2020 V2(+)

>>> Up
* Adidas Raised to Buy at DZ Bank; PT 210 euros
* Antofagasta Raised to Sector Perform at RBC; PT 760 pence
* Auto Trader Raised to Hold at Stifel; PT 400 pence
* Beiersdorf Raised to Hold at Jefferies; PT 90 euros
* Belimo Raised to Buy at Berenberg; PT 7,750 Swiss francs
* Bodycote Raised to Hold at Panmure Gordon; PT 477 pence
* Coloplast Raised to Neutral at JPMorgan; PT 813 kroner
* Compass Raised to Buy at Shore Capital (+)
* Compass Raised to Buy at Goldman; PT 1,600 pence
* Compass PT Cut to 1,200 pence from 1,850 pence at Deutsche Bank
* Danone Raised to Buy at Jefferies; PT 68.75 euros
* Dixons Carphone Raised to Buy at HSBC; PT 160 pence
* Elkem Raised to Buy at SEB Equities; PT 17 kroner
* Fresenius SE Raised to Buy at Commerzbank; PT 44 euros
* General Mills Raised to Market Perform at Bernstein; PT $57
* Getinge Raised to Buy at Handelsbanken; PT 200 kronor
* Heidelberger Druck Raised to Buy at Pareto Securities (+)
* HelloFresh Raised to Overweight at Morgan Stanley
* JM Raised to Hold at SEB Equities; PT 199 kronor
* Kellogg Raised to Market Perform at Bernstein; PT $66
* LVMH Raised to Buy at SBG Securities; PT 366 euros
* Man Group Raised to Buy at Citi
* Norsk Hydro Raised to Buy at SEB Equities; PT 26 kroner
* Ossur HF Raised to Buy at SEB Equities; PT 46 kroner
* Pandora Raised to Hold at SEB Equities; PT 200 kroner
* Partners Group Raised to Buy at Baader Helvea
* Rational Raised to Buy at Hauck & Aufhaeuser; PT 545 euros (+)
* Reckitt Raised to Hold at Jefferies; PT 5,275 pence
* *REPLY RAISED TO BUY FROM HOLD AT ALANTRA (+)
* Richemont Raised to Buy at SBG Securities; PT 65 Swiss francs
* Rightmove Raised to Equal-Weight at Morgan Stanley
* Siemens Healthineers Raised to Outperform at Credit Suisse (+)
* Snam Raised to Buy at Banca Akros (ESN); PT 4.90 euros (+0
* Sodexo Raised to Neutral at Goldman; PT 73 euros
* Softcat Raised to Buy at Berenberg
* Stratec Raised to Buy at LBBW; PT 74 euros
* Subsea 7 Raised to Overweight at Morgan Stanley; PT 65 kroner
* Technogym Raised to Neutral at Banca Akros (ESN); PT 5.80 euros (+)
* TGS Raised to Overweight at Morgan Stanley; PT 160 kroner
* Wizz Air Raised to Buy at HSBC; PT 2,800 pence
* Yara Raised to Outperform at Credit Suisse; PT 360 kroner (+)

>>> Down
* ABN AMRO GDRs Cut to Reduce at AlphaValue
* Airbus Cut to Sell at LBBW; PT 51 euros
* Air France-KLM Cut to Hold at HSBC; PT 4.50 euros
* AstraZeneca Cut to Add at AlphaValue
* AstraZeneca Cut to Hold at Intron Health; PT 7,000 pence
* BCP Cut to Reduce at AlphaValue
* Compass PT Cut to 1,400 pence from 2,000 pence at Liberum
* Deutsche Post PT Cut to 26 euros from 40 euros at Deutsche Bank (+)
* DWS Cut to Neutral at Citi
* Erste Cut to Add at AlphaValue
* Finnair Cut to Hold at SEB Equities; PT 3.50 euros
* Informa Cut to Add at AlphaValue
* Lufthansa Cut to Hold at HSBC; PT 9.60 euros
* Lufthansa Cut to Reduce at AlphaValue
* Maersk Drilling Cut to Equal-Weight at Morgan Stanley
* MTU Aero Cut to Underweight at JPMorgan; PT 92 euros (+)
* Odfjell Drilling Cut to Equal-Weight at Morgan Stanley
* Pendragon PT Cut to 8 pence from 17 pence at Berenberg 9+)
* PGS ASA Cut to Underweight at Morgan Stanley; PT 3.50 kroner
* RBI Cut to Add at AlphaValue
* RWE Raised to Buy at LBBW; PT 25 euros
* Saipem Cut to Equal-Weight at Morgan Stanley; PT 2.40 euros
* Sainsbury Raised to Buy at Shore Capital
* SAS Cut to Hold at HSBC; PT 9 kronor
* Siemens Healthineers Cut to Add at AlphaValue
* Wacker Chemie PT Cut to 44 euros from 70 euros at Berenberg

>>> Initiation


>>> Call
* AstraZeneca Governance, EPS Risk Prompt Cut to Hold by Intron
* Belimo, ‘Long-Term Winner at a Discount,’ Upgraded at Berenberg
* Compass Upgraded at Goldman, Shore Capital as Others Cut Targets (+)
* EU Asset Manager Valuations Not Compelling Enough Yet, Citi Says
* Antofagasta a Safe Place to Be For Now, RBC Upgrades Rating
* Rent Interruption Key Risk Now Facing U.K. Property: Peel Hunt
* IT Resellers Unlikely to Face Major Disruption, Berenberg Says
* Stay-at-Home Plays Preferred Among Internet-Services Stocks: MS (+)
* Switzerland’s Tecan, SFS to Come Out Stronger from Crisis: UBS
* Wm Morrison Update Confirms Defensive Merits, Jefferies Says (+)
* Wacker Chemie PT Cut to Street-Low as Industry Slows: Berenberg (+)